WA People
BILL · 2001–02 SESSION · LATEST VERSION SHB 1537

HB 1537: Credit unions

Protecting credit union directors and committee members.

Summary

  • $ A director or committee member of a credit union is exempted from personal liability for an act causing harm, provided the act 1) was performed within the scope of his or her official duties, 2) does not constitute a breach of fiduciary duty, 3) was neither criminal, nor wilful, nor grossly negligent, and 4) and was not committed during the operation of any vehicle requiring a license or insurance. The exemption does not apply with respect to harm caused to the credit union or a governmental entity.

From the Substitute House Bill Report (SHB 1537), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 120, Laws of 2001
  1. IntroducedJan 29, 2001
  2. Out of committeeFeb 14, 2001
  3. Passed HouseMar 9, 2001
  4. Passed SenateApr 9, 2001
  5. GovernorApr 27, 2001
  6. LawApr 27, 2001
Prime sponsor
Dan Roach (R-31)
Introduced
January 29, 2001 in the House
Last action
April 27, 2001
Session law
Chapter 120, Laws of 2001
Companion bill
ESB 5570
Versions
HB 1537, SHB 1537

AN ACT Relating to credit union directors and committee members;

Sponsors

Prime sponsor: Dan Roach (R-31)

4 co-sponsors (3 Democrats, 1 Republican)

Brian Hatfield D-19Brad Benson R-6Mark Miloscia D-30Karen Keiser D-33

Votes

House · Final Passage

Passed March 9, 2001
Version voted on: SHB 1537
98 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat49000
Republican49000
How each member voted

Yea (98)

Permalink to this vote

Senate · 3rd Reading & Final Passage

Passed April 9, 2001
Version voted on: SHB 1537
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican23001
How each member voted

Yea (47)

Excused (2)

Permalink to this vote

History

  1. Effective date 7/22/2001. (SHB 1537)
  2. Chapter 120, 2001 Laws. (SHB 1537)
  3. Governor signed. (SHB 1537)
  4. Delivered to Governor. (SHB 1537)
  5. President signed. (SHB 1537)
  6. Speaker signed. (SHB 1537)
  7. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2. (SHB 1537)
  8. Rules suspended. Placed on Third Reading. (SHB 1537)
  9. Placed on second reading by Rules Committee. (SHB 1537)
  10. Made eligible to be placed on second reading. (SHB 1537)
  11. Passed to Rules Committee for second reading. (SHB 1537)
  12. LCF - Majority; do pass. (SHB 1537)
  13. First reading, referred to Labor, Commerce & Financial Institutions. (SHB 1537)
  14. Placed on third reading. (SHB 1537)
  15. Third reading, passed; yeas, 98; nays, 0; absent, 0; excused, 0. (SHB 1537)
  16. Committee recommendations adopted and the 1st substitute bill substituted. (SHB 1537)
  17. Committee recommendations adopted and the 1st substitute bill substituted.
  18. Placed on second reading suspension calendar by Rules Committee. (SHB 1537)
  19. Placed on second reading suspension calendar by Rules Committee.
  20. Placed on second reading by Rules Committee. (SHB 1537)
  21. Placed on second reading by Rules Committee.
  22. Passed to Rules Committee for second reading. (SHB 1537)
  23. Passed to Rules Committee for second reading.
  24. FII - Majority; 1st substitute bill be substituted, do pass. (SHB 1537)
  25. FII - Majority; 1st substitute bill be substituted, do pass.
  26. FII - Executive action taken by committee.
  27. First reading, referred to Financial Institutions & Insurance.

HB 1537 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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